2016-08-24 updated
On August 22, 2016, CYBERDYNE, INC. (the “Company”) confirmed the details of the 2016 2nd series stock option to be subscribed by the Board Members, the Audit and Supervisory Board Members, and employees of the Company and its subsidiaries as an options purchase plan. These details were previously undetermined when the offering was resolved at the Board of Directors meeting held on July 26, 2016.
Conditions on the exercise of the Stock Options (excerpt)
Stock Options (exercise price JPY 2,355) can be exercised only if the conditions set forth in (a) and (b) below are fulfilled as of the fiscal year ended March 31, 2017 or the fiscal year ended March 31, 2018, from the first day of the month following the filing date of the securities report of the period in which these conditions are first met.
(a) Sales exceed JPY 3,000 Million.
(b) Ordinary income* becomes profitable.
* Income/loss before income tax without extraordinary income/loss, also called “Pretax income” or “Ordinary profit”
If all of these Stock Options are exercised, the resulting increase of the Company’s Common Shares will be the equivalent of 0.024% of the total number of shares issued. However, these Stock Options will be issued with the exercise condition of a predetermined performance goal, and the achievement of this goal will contribute to an increase in corporate and shareholder value. Therefore, this issuance of Stock Options is assumed to be favorable for the Company shareholders and so the impact caused by this dilution is thought to be within reason.
© 2024 CYBERDYNE INC. ALL RIGHTS RESERVED.